The growth track lies ahead

B2

MEDIUM RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

The country risk assessments are your North Star metrics to make the right decision for your business and understand the risks in international trade. We have always the best solution for your needs

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GDP USD35.3bn (World ranking 88, World Bank 2020)
Population 7.1mn (World ranking 104, World Bank 2020)
Form of state Constitutional Republic
Head of government Mario Abdo Benítez (President)
Next elections 2023, presidential and legislative
  • A contained fiscal budget and public debt
  • Low current account deficit
  • Ample foreign exchange reserves
  • The government pursues business-friendly policies
  • The economy is highly dependent on the agricultural sector and weather conditions
  • One of the poorest countries in Latin America with high inequality and sub-standard infrastructure
  • Wide informal economy
  • Low diversification of the economy
  • High level of corruption, criminality and poor rule of law

Trade structure by destination/origin

(% of total, annual 2020)

Exports Rank Imports
Brazil 32.7%
1
35.9% China
Argentina 30.1%
2
21.7% Brazil
Chile 6.8%
3
9.0% Argentina
Russia 4.5%
4
6.3% United States
Uruguay 2.8%
5
2.9% India

Trade structure by product

(% of total, annual 2020)

Exports Rank Imports
Oil seeds and oleaginous fruits 28.0%
1
13.4% Telecommunication and sound recording apparatus
Electric current 18.6%
2
9.3% Road vehicles
Meat and meat preparations 12.0%
3
7.3% Petroleum, petroleum products and related materials
Cereals and cereal preparations 10.0%
4
6.1% Electrical machinery, apparatus and appliances, n.e.s.
Feedstuff for animals (excluding unmilled cereals) 7.8%
5
4.7% Office machines and automatic data processing machines
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